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For Sale by Auction on 27th June 2024, Town Centre Public House Investment, 96 High Street, Stockton on Tees, TS18 1BD

6,370 Sq Ft / Leisure / Investment

Sold - Last updated: 30 June 2024

For Sale by Auction on 27th June 2024

A mid-terraced part three storey/part single storey building of traditonal construction arranged over ground, first and second floors totalling approximately 592 sq m (6,370 sq ft). The ground floor is arranged as a bar/nightclub with rear ancillary accommodation. The first floor is arranged as a one bedroom flat plus office and rear storage/ancillary accommodation and the second floor is arranged as additional storage/ancillary accommodation. The upper floors may lend themselves to future alternative uses, subject to obtaining the necessary consents. To the rear of the building is a public pay and display car park accessed from West Row.

Location

The market town of Stockton-on-Tees lies within County Durham about 10 miles east of Darlington and 21 miles south east of Durham. It can be accessed via the A66(M) and A19 with the former providing access to the A1(M) to the west. Stockton railway station provides regional rail services and Teesside International Airport lies about 8 miles to the south west. The town has recently benefitted from a £XXXm regeneration of the High Street, which is the widest in the UK. 

High Street is the main shopping thoroughfare in the town centre. The property commands a prominent position on the west side of High Street near its junction with Yarm Lane with notable nearby occupiers including Betfred and Age UK.

Accommodation

Ground Floor - Bar/nightcluc/ancillary/storage, Wc's

First Floor - One bedroom flat, office, ancillary/storage

Second Floor - Ancillary/storage

Total - 592 sq m (6,370 sq ft)

Terms

Tenure - Freehold

Guide Price - £XXX - £XXX

Specification

  • Freehold public house investment
  • Approximately 592 sq m (6,370 sq ft)
  • Town centre location
  • Prominent trading position
  • New lease renewal for a term of 10 years (1)
  • Tenant been in occupation since 2015
  • Future alternative use potential (subject to consents)
  • Producing £XXX per annum (2)


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